1,139 Shares in Zscaler, Inc. (NASDAQ:ZS) Purchased by Invesco LLC

Invesco LLC acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,139 shares of the company’s stock, valued at approximately $252,000.

Several other large investors have also recently made changes to their positions in ZS. BluePath Capital Management LLC bought a new position in Zscaler in the 3rd quarter worth about $32,000. KB Financial Partners LLC bought a new position in shares of Zscaler in the first quarter worth approximately $39,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Zscaler during the second quarter valued at approximately $45,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Zscaler during the fourth quarter valued at approximately $45,000. Finally, Point72 Asset Management L.P. purchased a new position in Zscaler in the 2nd quarter worth approximately $54,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ZS. Sanford C. Bernstein reduced their target price on Zscaler from $311.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Robert W. Baird boosted their target price on Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Oppenheimer lifted their price target on shares of Zscaler from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Needham & Company LLC reiterated a “strong-buy” rating and set a $290.00 price objective on shares of Zscaler in a research report on Friday, March 1st. Finally, Barclays dropped their target price on Zscaler from $259.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Six research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $230.55.

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the sale, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the transaction, the chief executive officer now owns 367,152 shares in the company, valued at $70,915,408.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karen Blasing sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $236.24, for a total value of $1,653,680.00. Following the sale, the director now owns 39,539 shares in the company, valued at $9,340,693.36. The disclosure for this sale can be found here. Insiders have sold 33,715 shares of company stock valued at $7,437,172 in the last ninety days. Corporate insiders own 19.20% of the company’s stock.

Zscaler Stock Down 3.6 %

Shares of ZS stock opened at $174.85 on Tuesday. The company’s fifty day simple moving average is $211.96 and its two-hundred day simple moving average is $202.89. Zscaler, Inc. has a 52 week low of $84.93 and a 52 week high of $259.61. The stock has a market cap of $26.20 billion, a P/E ratio of -184.05 and a beta of 0.81. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The company had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. Analysts predict that Zscaler, Inc. will post -0.81 EPS for the current fiscal year.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.